Walnut Springs, Somervell County, Texas Property Taxes
Property Taxes in Walnut Springs, Texas
Median Walnut Springs, Texas effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, and lower than the Texas state median of 1.48%.
Median Walnut Springs, Texas home value: $593,280
Median annual Walnut Springs, Texas tax bill: $4,332, $1,932 higher than the national median property tax bill of $2,400.
How are property taxes in Somervell calculated?
Property taxes in Walnut Springs, Texas are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Walnut Springs's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walnut Springs, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Walnut Springs, Somervell County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$5,280
$4,900
How Does the Walnut Springs Property Tax Calculator Work?
Use this Walnut Springs property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Walnut Springs's median effective tax rate of 0.89% — based on actual property records in Somervell County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Walnut Springs's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Walnut Springs: rates range from 0.89% in 76690 to 0.89% in 76690, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Walnut Springs.
About Walnut Springs Property Taxes
About Property Taxes in Walnut Springs, Somervell, Texas
Walnut Springs's median effective property tax rate of 0.89% is lower than the Texas state median of 1.48% and lower than the national median of 1.02%. This rate reflects the Somervell County base levy combined with local school district levies and Municipal Utility Districts (MUDs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Walnut Springs. Homeowners in ZIP code 76690 carry a median effective rate of 0.89%, while those in 76690 pay 0.89%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Somervell County. Understanding which part of Walnut Springs you live in can make a meaningful difference to your annual tax bill.
Walnut Springs homeowners who believe their assessed value is too high can file a formal appeal with the local Appraisal District before the May 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Walnut Springs, Somervell County, Texas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Walnut Springs's effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Walnut Springs Tax Rate
0.89%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Somervell County Tax Rate
1.26%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Walnut Springs, Somervell County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76690 | 0.25% | 0.45% | 0.89% | 1.20% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Walnut Springs, Somervell County, Texas
When examining property taxes in Walnut Springs, Texas, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Somervell County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Somervell County, assessment notices are sent in April each year. They’ll typically reach your mailbox by the middle of April.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. The median home price in Walnut Springs is $593,280, with tax bills ranging significantly across the county. ZIP code 76690 has the highest median home price at $593,280.
Property Tax Assessment Values Across Walnut Springs, Somervell County, Texas
Source: Ownwell
$198,380
$514,495
$830,610
Median Walnut Springs Market Value
$593,280
Median Somervell County Market Value
$318,540
Median Texas Market Value
$258,851
Median United States Market Value
$235,294
Property Tax Assessment Values Across Walnut Springs, Somervell County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76690 | $72,846 | $292,970 | $593,280 | $933,180 | $1,272,330 |
Source: Ownwell
Property Tax Bills Across Walnut Springs, Somervell County, Texas
Property tax bills in Walnut Springs are calculated by applying the local tax rate to a home’s assessed value, which is based on its market value. The assessed value is the starting point for the bill, and local taxing authorities use it to determine how much a homeowner owes each year.
Several factors affect the final amount, including the home’s value, any exemptions that may apply, and the tax rates set by local governments and school districts. A higher assessed value usually leads to a higher bill, while exemptions can reduce the taxable amount.
For homeowners in Walnut Springs, property taxes can have a meaningful impact on annual housing costs. The median home price is $593,280, and property tax bills range from $1,891 at the 25th percentile to $6,600 at the 75th percentile, with the 90th percentile reaching $8,793. The median tax bill in ZIP code 76690 is $4,332, well above the national median property tax bill of $2,400.
Median Walnut Springs Tax Bill
$4,332
Median Somervell County Tax Bill
$3,697
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Walnut Springs, Somervell County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76690 | $1,086 | $1,891 | $4,332 | $6,600 | $8,793 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
Links | |
|---|---|
| Somervell Appraisal District | |
| Website | somervellcad.southwestdatasolutions.com |